Question: a. When demand increases, what happens to price and quantity in equilibrium? b. When supply increases, what happens to price and quantity in equilibrium? c.

a. When demand increases, what happens to price and quantity in equilibrium?
b. When supply increases, what happens to price and quantity in equilibrium?
c. When supply decreases, what happens to price and quantity in equilibrium?
d. When demand decreases, what happens to price and quantity in equilibrium?
No, this is not a mistake. Yes, it is that important.

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